Warley Cross Cafe, Bridlington Road, Brandesburton, Driffield, East Riding Of Yorkshire, YO25 8EW
For Sale £345,000 - £340,000 (Offers in the region of)
- Size: 2,087 sq.ft. / 2,087 sq.ft.
- Property Ref: 12950
- Type: RETAIL
The property comprises a detached commercial building with the benefit of a private rear car park. operating as a successful café, the premises provide a well-configured layout. The accommodation features an attractive main dining area to the front of the property with a service counter, complemented by a further dining area to the rear. The property also benefits from external customer seating to the front elevation, together with separate ladies' and gentlemen's WC facilities.
To the rear is a well-equipped kitchen and food preparation area. There is also internal access from the commercial premises to a spacious self-contained 3 bed flat which is occupied by the tenant. There is a separate garage to the rear which is currently utilised by the vendor and this will form part of the sale.
The lease is held on a Full Repairing and Insuring lease from 8th April 2024 for a term of 5 years, with a passing rent of £27,820 per annum.
Property features
- Established café investment for sale, with residential living accommodation with spacious 3 bedroom flat above the café which is occupied by the tenant.
- Held on a Full Repairing and Insuring lease. Passing rent of £27,820 per annum, on a 5 year term from 1st May 2024.
- Provides a Net Initial Yield of 7.79% after purchase costs of 3.46%.
- Considerable amount of vehicle traffic passing the property throughout the course of the day.
- Secure spacious rear car park.
